Mortgage Calculator
Payments, CMHC insurance, and your stress-test qualifying rate
Federal minimum here is 7.5% ($75,000) — 5% of the first $500,000, 10% of the rest, and 20% at $1.5M and above.
Estimated at 0.72% of the purchase price a year. Your municipality's rate may differ.
Leave at $0 for a freehold home.
Estimated monthly payment
$4,357
Principal and interest on a $800,000 mortgage
- Mortgage (principal & interest)
- $4,357
- Property tax
- $600
- Condo / maintenance fee
- $0
- Total monthly cost
- $4,957
Mortgage stress test
To qualify, lenders test you at 6.34% — a payment of $5,281.
The qualifying rate is the greater of your contract rate plus 2 percentage points and the 5.25% regulatory floor. You still pay the contract rate — this is the payment your income has to support on paper.
These calculators are for illustration only and are not financial, legal, or tax advice. Rates, rules, and rebates change — confirm current figures with your lender and lawyer before relying on them.